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Jan 25, 2013
01/13
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now we're hearing from the japanese government. officials there project that the country's economy will grow 2.5% in the coming fiscal year. that's due to stimulus measures and a global economic recovery. a large scale economic package will push up the gross domestic product. they forecast a moderate global economic recovery will lift corporate sentiment and boost spending on plant and equipment. the officials expect people will rush to make more purchases including things like houses before a plant consumption tax hike in april 2014. the government has concluded that the economy will expand 5 2.5% in real terms and 2.7% in nominal terms. based on the assumption that prices will pick up modestly the government projects nominal growth will exceed real growth for the first time in 16 years. the dollar is gaining further ground against the yen. earlier it hit a high. now it's changing hands to 39 yen. traders have seen rates drop to a five-year low. that's provided a brighter outlook for the american economy. the consumer price index
now we're hearing from the japanese government. officials there project that the country's economy will grow 2.5% in the coming fiscal year. that's due to stimulus measures and a global economic recovery. a large scale economic package will push up the gross domestic product. they forecast a moderate global economic recovery will lift corporate sentiment and boost spending on plant and equipment. the officials expect people will rush to make more purchases including things like houses before a...
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Jan 22, 2013
01/13
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officials are urging governments to boost job training programs for young people. looking ahead officials say global unemployment will continue to rise this year to over 220 million. they site the sluggish global economic recovery as a reason. south korean journalts have voted toyota motors camry car of the year. representatives from the japanese automaker collected the trophy for the u.s. built sedan at a ceremony in seoul. the journalists praised the cars price competitiveness. it beat 44 models introduced last year including vehicles by bmw. toyota executives we began shipping cars from the u.s. to sou korea. toyota isn't the only company taking advantage of the new trade deal. honda and also increased shipment. more business headlines for you next hour. i'll leave you with a check on markets. >>> assertions that part of a rocket launched by north korea in december was made in china could influence u.n. security council discussions. the body is considering possible responses to the launch. south korea's military has analyzed debris from the rocket salvaged from
officials are urging governments to boost job training programs for young people. looking ahead officials say global unemployment will continue to rise this year to over 220 million. they site the sluggish global economic recovery as a reason. south korean journalts have voted toyota motors camry car of the year. representatives from the japanese automaker collected the trophy for the u.s. built sedan at a ceremony in seoul. the journalists praised the cars price competitiveness. it beat 44...
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Jan 23, 2013
01/13
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government officials have vowed to take action. they say they will consider revising the law to strengthen penalties against rapists. indian home affairs minister has ordered police chiefs around the country to investigate sexual assaults more thoroughly. >> such modifications required in our laws and procedures and the methodology of investigation. >> reporter: but women and even girls continue to be brutalized. this month a 32-year-old woman in the eastern state of behar was found hanging from a tree after she was gang-raped. and a 9-year-old girl was raped and killed in the western state of maharastra. women in new delhi are signing up for martial arts classes. they say they can't rely on the police. >> translator: i have to defend myself the police are not trustworthy. >> reporter: some people are focused on helping the victims. an ngo in new delhi has launched an effort to support women who have experienced sexual assault. abdul maboud is one of the nba leaders. he says the group wants to help create a society that respects wo
government officials have vowed to take action. they say they will consider revising the law to strengthen penalties against rapists. indian home affairs minister has ordered police chiefs around the country to investigate sexual assaults more thoroughly. >> such modifications required in our laws and procedures and the methodology of investigation. >> reporter: but women and even girls continue to be brutalized. this month a 32-year-old woman in the eastern state of behar was found...
WHUT (Howard University Television)
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Jan 22, 2013
01/13
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they'll be required to report to the government on how they're doing. the economy has been struggling with deflation for more than a decade so it's a surprise this hasn't happened earlier. >> what kind of reaction is it getting abroad? >> some countries like germany are criticizing abe saying he's trying to weaken the yen to boost exports. central banks around the world, including the fed in the u.s. and european central banks, are essentially doing the same thing. implementing drastic monetary easing measures to weaken their currency and to increase exports. >> one of the most important questions is how do you think this policy is going to affect japan's economy? >> well, actually, many economists have been wrestling with that question. at what point prices start to rise, it might be difficult to stop the momentum, but others argue it will take some time for the boj to actually achieve its target. >> it's hard to expect because considering japan economy is suffering negative outward gap at 3% of level and also considering level is still high compared t
they'll be required to report to the government on how they're doing. the economy has been struggling with deflation for more than a decade so it's a surprise this hasn't happened earlier. >> what kind of reaction is it getting abroad? >> some countries like germany are criticizing abe saying he's trying to weaken the yen to boost exports. central banks around the world, including the fed in the u.s. and european central banks, are essentially doing the same thing. implementing...
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Jan 26, 2013
01/13
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the government plane also carried nine of their ten colleagues who were killed in the siege. foreign minister fumio kishida welcomed the survivors and officials who accompanied them on their arrival in tokyo. the japanese hostages were among hundreds of natural gas plant workers taken captive by islamist militants in algeria. they were working for the engineering firm jgc corporation. 27 foreign nationals were killed along with 10 japanese. one jgc staff member who was missing and later confirmed dead will be returned to japan on saturday. prime minister shinzo abe met with his cabinet ministers to discuss the hostage crisis and offered silent prayers for the victims. >> translator: please allow us to express our deepest sympathy for the victims and their families. the chief cabinet secretary will oversee the investigation of this case. he'll also introduce measures to ensure the safety of japanese nationals and firms abroad. >> abe vowed to continue the fight against terrorism together with the international community. the president of jgc corporation has expressed regret ov
the government plane also carried nine of their ten colleagues who were killed in the siege. foreign minister fumio kishida welcomed the survivors and officials who accompanied them on their arrival in tokyo. the japanese hostages were among hundreds of natural gas plant workers taken captive by islamist militants in algeria. they were working for the engineering firm jgc corporation. 27 foreign nationals were killed along with 10 japanese. one jgc staff member who was missing and later...
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Jan 29, 2013
01/13
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KRCB
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but the japanese government pays the bill. under the new system, it's the company that does all the planning. jica pays up to $560,000 in research fees. the other company pace the costs. they want to make sure it remains the same. what prompted this new aid strategy was competition from china. in recent years, it agrees to aid. this stadium is going up in zambia. china is financing it. the costs are $94 million. last summer, chinese authorities announced that over the next three years, they will spend $20 billion on all the projects. that's double what they spend for the past three years. >> translator: we can't leave everything up to the government. we need to work with the private and nonprofit sectors to expand this program as much as possible. >> reporter: japan's aid strategy also benefits japanese companies. he works for the motorcycle maker that installed the water purification system. he had been working to cultivate the african market because jica provided research costs and data. was able to keep the company's costs
but the japanese government pays the bill. under the new system, it's the company that does all the planning. jica pays up to $560,000 in research fees. the other company pace the costs. they want to make sure it remains the same. what prompted this new aid strategy was competition from china. in recent years, it agrees to aid. this stadium is going up in zambia. china is financing it. the costs are $94 million. last summer, chinese authorities announced that over the next three years, they...
WHUT (Howard University Television)
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Jan 25, 2013
01/13
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he said they drove what looked like government vehicles. the official said because of that border guards may have allowed them to pass without inspection. >>> some investors are getting excited about japan again with the stock market rising for japanese exporters the drop in the value of the yen is just what they've been asking for. but not everyone feels good about all this. ron madison is here to explain. ron? >> government officials have been saying this is really all about getting the economy back on track, in particular battling years of deflation here. you can imagine really on the defensive today refuting claims of currency manipulation made by germany's leader. this came after germany's chancellor said japan's easing monetary measures could devalue the yen. the finance minister denied the accusation. >> translator: japan is pursuing bold economic measures to pull the country out of deflation, not to manipulate the currency. >> the japanese currency is trading at its weakest level in two years and seven months. he said this is a sign
he said they drove what looked like government vehicles. the official said because of that border guards may have allowed them to pass without inspection. >>> some investors are getting excited about japan again with the stock market rising for japanese exporters the drop in the value of the yen is just what they've been asking for. but not everyone feels good about all this. ron madison is here to explain. ron? >> government officials have been saying this is really all about...
WHUT (Howard University Television)
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Jan 24, 2013
01/13
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he says the 25% reduction target set by the previous government is excessive and unrealistic. chief cabinet secretary yoshihide su g, a said his liberal democratic party said the target was unachievable. previously the last democratic party government pledged to reduce emissions by a quarter from 1990 levels by the year 2020. >>> japanese researchers have succeeded in using stem cells to reproduce hair follicles. the project involved using induced stem cells or ips cells which have the potential to develop into any tissue or organ. medical applications using hair follicle cells have been limited until now because scientists lacked ways to reproduce them. the researchers at keio university managed to cultivate human cells into fallicular cells by adding certain proteins. they cultivated the cells with skin cells from a newborn mouse. then they transplanted the cells into another mouse. they succeeded in nurturing follicular cells in two to three weeks. >> translator: we have demonstrated the future possibility of producing hair through the use of these cells. >> reporter: but t
he says the 25% reduction target set by the previous government is excessive and unrealistic. chief cabinet secretary yoshihide su g, a said his liberal democratic party said the target was unachievable. previously the last democratic party government pledged to reduce emissions by a quarter from 1990 levels by the year 2020. >>> japanese researchers have succeeded in using stem cells to reproduce hair follicles. the project involved using induced stem cells or ips cells which have the...
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Jan 24, 2013
01/13
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the bill will prevent the government from defaulting on its debt. the bill passed the house on wednesday after the republican majority changed its stance. republicans said they would not approve the bill unless the government made more cuts to social programs. republicans had public criticism that they were not consider the markets on a financial default. john boehner said to show the american people that it would move to balance the budget. >> they understand you can't continue to spend money that you don't have. we're committed to doing a budget on the house side. a budget that will balance over the next ten years. it's time for the senate and the president to show the american people how they're willing to balance a budget over the next ten years. >> the bill now goes to the senate where it's expected to pass and be approved by the white house. republicans will continue to push the government to review social security spending. the bill urges congress to compile an outline of the 2014 budget by mid-april. more business headlines next hour. here i
the bill will prevent the government from defaulting on its debt. the bill passed the house on wednesday after the republican majority changed its stance. republicans said they would not approve the bill unless the government made more cuts to social programs. republicans had public criticism that they were not consider the markets on a financial default. john boehner said to show the american people that it would move to balance the budget. >> they understand you can't continue to spend...
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Jan 22, 2013
01/13
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it's included in the boj plan with the government. it's part of abe's plan to tackle deflation with bolder, monetary easing measures. bank of japan governor and eight other board members agreed on a policy at the end of a two-day meeting. the announcement says financial authorities will try to reach the target at their earliest possible time. boj officials have previously made it a goal to bring 1% inflation within reach but the new, clearer target requires some bold steps. the document also addresses the role of the government in revitalizing japan's economy. it describes how politicians should promote growth and restore fiscal health. along with drafting the joint statement, boj officials have agreed to introduce open-ended asset purchasing. under a new program from january 2014 the central bank will purchase a certain amount of financial assets every month. no termination date is being set for the scheme. the new measure will expand the total size of the asset purchase program, or app, by about 10 trillion yen, or $110 billion, in
it's included in the boj plan with the government. it's part of abe's plan to tackle deflation with bolder, monetary easing measures. bank of japan governor and eight other board members agreed on a policy at the end of a two-day meeting. the announcement says financial authorities will try to reach the target at their earliest possible time. boj officials have previously made it a goal to bring 1% inflation within reach but the new, clearer target requires some bold steps. the document also...
WHUT (Howard University Television)
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Jan 29, 2013
01/13
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the draft budget reflects shinzo abe's plan to stimulate japanese government by expanding government expenditures. the government plans to spend over $770 billion to implement its policies. that's up about 3% in yen terms from the current fiscal year. it has earmarked more than $240 billion for servicing government debt or an increase of over 1%. also for the first time in four years, tax revenues are expected to exceed what the government would get by issuing new bonds. the government expects tax revenues to total over $473 billion, or nearly 2% more than in this fiscal year. meanwhile, new bond offerings will fall by 3% to about $470 billion. japan still replies on government bond sells for 46% of its total revenue. the outstanding balance of government debt is expected to total about $8.2 trillion at the end of fiscal 2013. to repay it, the nation requires 17 years worth of tax revenues. the total debt also translates into almost $65,000 per person. the government plans to submit the draft budget to the diet for approval by the end of next month. >>> let's check on the markets. eu
the draft budget reflects shinzo abe's plan to stimulate japanese government by expanding government expenditures. the government plans to spend over $770 billion to implement its policies. that's up about 3% in yen terms from the current fiscal year. it has earmarked more than $240 billion for servicing government debt or an increase of over 1%. also for the first time in four years, tax revenues are expected to exceed what the government would get by issuing new bonds. the government expects...
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Jan 21, 2013
01/13
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the government designed the event to attract rising scientific talent. participants are scheduled to visit a medical study center and other cutting edge research facilities in the city state. >>> the indochina peninsula is famous for its rich biodiversity including fresh water fish but the region's rush to modernize has dented the balance of the natural world in unexpected ways. nhk world reports from the northeastern thailand on a threat to the food chain. >> reporter: still waters in northeastern thailand. at first glance, this man-made lake looks like a fisherman's paradise. >> yes! >> reporter: but these people aren't fishing just for fun. they are trying to catch one of the biggest and most aggressive fresh water fish in southeast asia. look at this giant fish. the length is 70 centimeters and it weighs 5 kilos. this fish causes problems for people in fishing communities. the population of these fish has ballooned in recent years. in this lake alone more than 20 were nabbed during a one-day effort to catch them. it was sponsored by the government to
the government designed the event to attract rising scientific talent. participants are scheduled to visit a medical study center and other cutting edge research facilities in the city state. >>> the indochina peninsula is famous for its rich biodiversity including fresh water fish but the region's rush to modernize has dented the balance of the natural world in unexpected ways. nhk world reports from the northeastern thailand on a threat to the food chain. >> reporter: still...
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Jan 29, 2013
01/13
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the draft budget reflects shinzo abe's determination to stimulate japanese government by boosting government expenditures. public works spending will increase for the first time in four years. the government plans to spend over $770 billion to implement its policies. that's up about 3% in yen terms from the current fiscal year. it has earmarked more than $240 billion for servicing government debt or an increase of over 1%. also for the first time in four years, tax revenues are expected to exceed what the government would get by issuing new bonds. the government expects tax revenues to total over $473 billion, or nearly 2% more than in this fiscal year. meanwhile, new bond offerings will fall by 3% to about $470 billion. japan still relies on government bond sells for 46% of its total revenue. the outstanding balance of government debt is expected to total about $8.2 trillion at the end of fiscal 2013. to repay it, the nation requires 17 years worth of tax revenues. the total debt also translates into almost $65,000 per person. the government plans to submit the draft budget to the diet for
the draft budget reflects shinzo abe's determination to stimulate japanese government by boosting government expenditures. public works spending will increase for the first time in four years. the government plans to spend over $770 billion to implement its policies. that's up about 3% in yen terms from the current fiscal year. it has earmarked more than $240 billion for servicing government debt or an increase of over 1%. also for the first time in four years, tax revenues are expected to...
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Jan 25, 2013
01/13
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the government plane also carried nine of their ten colleagues who were killed in the siege. foreign minister fumio kishida welcomed the survivors and officials who accompanied them on their arrival in tokyo. the japanese hostages were among hundreds of natural gas plant workers taken captive by islamist militants in algeria. they were working for the engineering firm jgc corporation. 27 foreign nationals were killed along with 10 japanese. one jgc staff member who was missing and later confirmed dead will be returned to japan on saturday. prime minister shinzo abe met with his cabinet ministers to discuss the hostage crisis and offered silent prayers for the victims. >> translator: please allow us to express our deepest sympathy for the victims and their families. the chief cabinet secretary will oversee the investigation of this case. he'll also introduce measures to ensure the safety of japanese nationals and firms abroad. >> abe vowed to continue the fight against terrorism together with the international community. the president of jgc corporation has expressed regret ov
the government plane also carried nine of their ten colleagues who were killed in the siege. foreign minister fumio kishida welcomed the survivors and officials who accompanied them on their arrival in tokyo. the japanese hostages were among hundreds of natural gas plant workers taken captive by islamist militants in algeria. they were working for the engineering firm jgc corporation. 27 foreign nationals were killed along with 10 japanese. one jgc staff member who was missing and later...
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Jan 24, 2013
01/13
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he says the 25% reduction target set by the previous government is excessive and unrealistic. chief cabinet secretary suga said thursday that his liberal democratic party has always said the target was unachievable. previously the last democratic party government pledged to reduce emissions by a quarter from 1990 levels by the year 2020. >>> the u.s. navy is hurrying to remove a ship stranded on a reef in the philippines for more than a week. patchari raksawong in bangkok has that story and patchari, several more stories from the philippines today i hear. >> that's right, gene. we'll start with that stranded vessel. a u.s. navy official has expressed regret and says the united states is trying to remove the ship as soon as possible. the reef is a world heritage site and concerns are rising about possible damage to the environment. the uss guardian ran aground last week. the agency says rear admiral thomas carnie expressed his deepest regret. some 56,000 liters of fuel on board the stranded vessel needs to be removed. the navy then plans to use a crane ship to lift the mine swe
he says the 25% reduction target set by the previous government is excessive and unrealistic. chief cabinet secretary suga said thursday that his liberal democratic party has always said the target was unachievable. previously the last democratic party government pledged to reduce emissions by a quarter from 1990 levels by the year 2020. >>> the u.s. navy is hurrying to remove a ship stranded on a reef in the philippines for more than a week. patchari raksawong in bangkok has that...
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Jan 23, 2013
01/13
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. >> seven survivors of the attack will fly home on a government plane. the bodies of the seven victims will also be on the plane. >>> survivors from other asian countries have started to return patchari raksawong has details. >> a malaysian man arrived home on wednesday afternoon. he was an employee of the engineering firm, jgc. ravi kappusany was reunited at the airport with members of his family. >> i'm happy i came back home safely, that's all. the government knows what's happening. >> in manila, four filipino survivors also returned home on wednesday from a passenger plane from algeria, via qatar. they were working at the gas plant in the algerian desert at the time of the attack. they came into the arrivals hall accompanied by a japanese employee of jgc. they looked tense and did not respond to questions from reporters. a vehicle sent by the company collected them from the airport. several asian countries suffered casualties in the attack. they include seven japanese, six filipinos and one malaysian. >>> julia gillard has called for easing of fricti
. >> seven survivors of the attack will fly home on a government plane. the bodies of the seven victims will also be on the plane. >>> survivors from other asian countries have started to return patchari raksawong has details. >> a malaysian man arrived home on wednesday afternoon. he was an employee of the engineering firm, jgc. ravi kappusany was reunited at the airport with members of his family. >> i'm happy i came back home safely, that's all. the government...
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Jan 28, 2013
01/13
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and japanese government met at the japanese embassy in bangkok on monday. they signed an agreement to run a training program for refugees who are currently in thailand. the program aims to help refugees be self-sufficient after they're able to return home to myanmar. the ngo will offer two training courses, one will cover how to use computers and the other will be on agriculture machine maintenance. they plan to open the training center as early as april at a refugee camp near the thai/myanmar border. they will be trained with knowledge and practical skills. it will be available to 600 students. >> translator: this project will give refugees the skills they need to plan their lives and make a living. it will help make their return home smoother. >> the camps are home to 140,000 refugees who fled myanmar under threat of military regime. now, some of them are preparing themselves to go back home. >>> thailand is facing another refugee issue. thousands of people have been landing in the south of the country in recent months. they are fleeing violence and perse
and japanese government met at the japanese embassy in bangkok on monday. they signed an agreement to run a training program for refugees who are currently in thailand. the program aims to help refugees be self-sufficient after they're able to return home to myanmar. the ngo will offer two training courses, one will cover how to use computers and the other will be on agriculture machine maintenance. they plan to open the training center as early as april at a refugee camp near the thai/myanmar...
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Jan 28, 2013
01/13
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it would also allocate nearly $245 billion to redeem government bonds. officials estimate tax revenues will top $473 billion. that's slightly higher than the $470 billion they expect to bring in through new government bonds. it would be the first time in four years that tax revenue exceeded the amount of new bonds. >>> members of abe's cabinet will approve those draft budgets on tuesday. >>> now let's get a check on japan's markets. nikkei closed sunday at a 1% high. and the dow jones industrial average ending the week with more than a 5% high. with remarks about how the market is reacting, we have ramin mellegard at the tokyo stock exchange. walk us through some of the key events. >> a lot of key events this week. good morning to you, ai. not only will we get a continuation of the earnings in u.s. this week, but also here in japan we'll get a stream of earnings reports starting as well. it's going to be very interesting to see how the weakening of the yen will play into those numbers. let's have a look at the opening levels on this monday, january 28. t
it would also allocate nearly $245 billion to redeem government bonds. officials estimate tax revenues will top $473 billion. that's slightly higher than the $470 billion they expect to bring in through new government bonds. it would be the first time in four years that tax revenue exceeded the amount of new bonds. >>> members of abe's cabinet will approve those draft budgets on tuesday. >>> now let's get a check on japan's markets. nikkei closed sunday at a 1% high. and the...
WHUT (Howard University Television)
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Jan 23, 2013
01/13
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the withdrawal of the central government's plan to reduce tax grants. the state government wants to cut local tax grants from fiscal 2013 starting this april. it's partly designed to slash regional government workers' wages by an average of 7.8%. the chairman of the all-japan precede tech furl and municipal workers union told reporters wednesday the plan is unacceptable. >> translator: this one-sided policy that the state is going to implement unilaterally has been drafted by skipping all the labor management negotiations. >> tokanaba said local governments are striving to cut workers to deal with the shortage of funds even though they're faced with more tasks in the their everyday work. he said they include social security issues and environmental protection measures. tokanaga added some municipalities have even pressed ahead with their own wage cuts. >>> that is going to do it for biz tonight. let's get you a check now of the markets. >>> islamist militants may have timed their attack on a gas plant to coincide with an important event. they took hundr
the withdrawal of the central government's plan to reduce tax grants. the state government wants to cut local tax grants from fiscal 2013 starting this april. it's partly designed to slash regional government workers' wages by an average of 7.8%. the chairman of the all-japan precede tech furl and municipal workers union told reporters wednesday the plan is unacceptable. >> translator: this one-sided policy that the state is going to implement unilaterally has been drafted by skipping all...